BANC BANC OF CALIFORNIA, INC. Insider Trading

Warburg Pincus LLC sells 4,250,000 shares of BANC at $20.10, reducing stake by -61.7% to 2,640,244 shares; elevated volume concentrated in Feb 2026.

Warburg Pincus LLC, a director of Banc of California, sold 4,250,000 shares ($85.425M total value) on 2026-02-13, marking a substantial -61.7% reduction of its 6,890,244-share position. The sale occurred after a 90-day run of +18.9% and near the 52-week high (current price $20.10 is -4.7% from $21.10 peak), suggesting disposal near a regional strength point. Notably, WARBURG PINCUS LLC executed five separate sales at BANC all clustered on or around 2026-02-02 through 2026-02-13, indicating a coordinated exit sequence rather than isolated tactical adjustment. The company's fundamentals remain solid (P/E 14.57, +24.1% annual revenue growth, $69.6M net income on $466.8M revenue), so this liquidation appears driven by portfolio-level capital allocation rather than fundamental deterioration. The scale and tempo of the divestiture—moving from majority to substantially reduced stakeholder status in a single month—warrant examination of whether this signals a shift in the director's strategic view or operational capacity at the company.

Warburg Pincus sells 4,250,000 BANC shares at $20.10; reduces stake 61.7%, retains 2,640,244 shares post-transaction.

Warburg Pincus LLC, a Director of Banc of California, executed a substantial open-market sale of 4,250,000 shares at $20.10 on 2026-02-13, reducing its position by 61.7% from 6,890,244 to 2,640,244 shares and realizing $85,425,000.00 in proceeds. The sale occurred with the stock trading -4.7% below its 52-week high of $21.10 and follows recent price momentum of +18.9% over 90 days, suggesting the insider capitalized on a near-peak valuation. The company's fundamentals remain solid—net income of $69,629,000.00 and annual revenue growth of +24.1%—yet this outsized reduction in a major director's stake, combined with Warburg Pincus's prior five sales at BANC all executed within a 12-day window (February 2–13), signals a deliberate and material shift in the insider's exposure to the company. The cross-ticker track record shows a 30.77% well-timed rate on prior sales, though same-ticker outcomes at BANC are not yet measurable, leaving the strategic intent of this concentrated exit unclear pending 90-day post-transaction price performance.

Bank President Hussain Hamid purchases 14,000 BANC shares at $21.12; holdings increase 30.1% to 60,444 shares

Hussain Hamid, President of Banc of California, purchased 14,000 shares at $21.12 on 2026-02-09, increasing his holdings by 30.1% to 60,444 shares. The transaction occurred near the 52-week high ($21.10), with the current price at $20.66 showing a modest -2.1% decline from peak. Banc of California's fundamentals are solid, with annual revenue growth of +24.1%, net income of $69,629,000, and a P/E of 14.97. However, Hamid's cross-ticker track record shows 2 prior sells with a 0.00% well-timed rate at the 90-day mark, and his two prior trades at BANC were both sales that did not demonstrate well-timed execution (90-day returns of +11.3% and +13.7% indicate the stock rose after he sold). The significance of this buy is moderated by the lack of demonstrated timing skill in his prior transactions and the absence of additional context around whether this purchase reflects a strategic increase in bank leadership exposure or a standard equity stake adjustment.

Warburg Pincus LLC completely exits 11.85M shares ($237.0M) at $20.00 on 2026-02-02

Warburg Pincus LLC, a director of BANC OF CALIFORNIA, INC., executed 3 separate sales totaling 11,850,000 shares for $237,000,000.00, reducing holdings to 0 shares—a complete exit of its position on 2026-02-02. The blended average price of $20.00 compares to a current price of $20.13 and a 52-week high of $21.10, placing the transaction near the recent trading range but not at the absolute peak. The company's fundamentals remain solid with Annual revenue growth of +24.1%, a P/E of 14.59, and recent quarterly revenue of $466,826,000.00 and net income of $69,629,000.00. Prior sales by this insider at BANC on 2025-09-08 each showed positive 30d and 90d returns (+8.1% and +16.6%), meaning those sales proved poorly timed as the stock rose afterward; notably, neither of the 2 measurable prior sales at this ticker achieved a negative 90-day return (0 of 2 well-timed). The complete liquidation of a director-level stake warrants attention to whether fundamentals or capital allocation strategy has shifted, particularly given the absence of any public disclosure flags that would explain the exit timing or intent.

Warburg Pincus LLC exits BANC entirely: 3 separate sales totaling 11,850,000 shares for $237,000,000.00

Warburg Pincus LLC, a director at Banc of California, completed a complete liquidation of its position through 3 separate sales on 2026-02-02, selling 11,850,000 shares (11.85M shares) at a blended average price of $20.00 for a total value of $237,000,000.00, reducing holdings from 11,850,000 shares to 0 shares (-100.0%). The sale occurred near the 52-week high, with the stock trading at $20.13 currently, approximately 4.6% below its 52-week peak of $21.10. The company's fundamentals appear solid, with annual revenue growth of +24.1%, a P/E of 14.59, and quarterly net income of $69,629,000.00 on revenue of $466,826,000.00. At this ticker specifically, Warburg Pincus's prior 2 measurable sales on 2025-09-08 were poorly timed, with the stock rising +16.6% over the subsequent 90-day period. This complete exit warrants attention to whether it signals broader structural reassessment of the position or reflects liquidity/portfolio rebalancing decisions at the fund level.

Warburg Pincus sells 5,650,000 shares (64.2% reduction) at $16.38 for $92,547,000.00

Warburg Pincus LLC, a director at BANC, executed 2 separate sales totaling 5,650,000 shares for $92,547,000.00 on September 5–8, 2025, at a blended average price of $16.38, reducing its holdings by 64.2% from 8,797,470 to 3,147,470 shares. The transaction occurred near the stock's 52-week high of $17.77 (current price $16.79 is -5.5% from that peak) and follows a strong 90-day rally of +19.0%. Fundamentals remain solid with annual revenue growth of +24.1%, net income of $28,385,000.00, and a market cap of $2,473,184,646.29. The scale of this divestiture—selling nearly two-thirds of the insider's stake—warrants attention to the motive, especially given the timing coincides with the stock near yearly highs and strong recent momentum.

Warburg Pincus LLC sells 5,650,000 shares of BANC for $92,547,000.00, reducing stake by 64.2%

Warburg Pincus LLC, a director, executed 2 separate sales totaling 5,650,000 shares for $92,547,000.00 at $16.38 per share on 2025-09-05 and 2025-09-08, exiting 64.2% of its prior 8,797,470 shares and leaving a post-transaction holding of 3,147,470 shares. The sales occurred as BANC's stock trades at $16.79 (current), near its 52-week high of $17.77 with 30-day momentum of +15.5%, and the company shows solid fundamentals including $453,142,000.00 in quarterly revenue, $28,385,000.00 in net income, and 24.1% annual revenue growth. Across Warburg Pincus's entire cross-ticker open-market history, prior sells have averaged positive 90-day returns of 8.1% with a 40.00% well-timed rate; however, at this specific ticker (BANC), there are no prior measurable outcomes to establish a pattern. The substantial reduction in stake size and timing near recent price strength merit monitoring for any signals regarding the director's forward confidence in the company.

Banc of California president Hussain Hamid sells 40,000 shares (46.3% of holdings) in 2 transactions for $667,900

Hussain Hamid, president of Banc of California, Inc., executed 2 separate sales totaling 40,000 shares for $667,900.00 on September 2–3, 2025, reducing his holdings from 86,444 shares to 46,444 shares. The blended average price of $16.70 compares favorably to the current price of $16.76 and sits well within the 52-week range of $12.06–$17.77, placing the sale in the upper portion of recent trading. The bank's fundamentals show strong quarterly performance—Revenue $453,142,000.00, Net income $28,385,000.00, and annual revenue growth of +24.1%—alongside a reasonable P/E of 16.76. The timing context shows the stock +16.6% over 30 days and +22.6% over 90 days, indicating an elevated price environment at the time of sale. This material reduction in the president's stake warrants disclosure attention, particularly given the scale of the sale relative to his previous position.

Director LASHLEY sells 75,000 shares at $14.11 average; retains 2.28M shares after 3-trade disposal totaling $1,058,433.58

Richard J. Lashley, a director at Banc of California, executed 3 separate sales totaling 75,000 shares for $1,058,433.58 at a blended average price of $14.11 between June 6–10, 2025. His post-transaction holdings of 2.28M shares represent a -3.2% reduction from his pre-transaction position of 2.36M shares. At the current price of $14.28, the stock is trading -19.6% from its 52-week high, and his prior trades at this ticker show a 0% well-timed rate at the 90-day mark—his previous 4 sells at Banc (Sept–March 2024) were all followed by positive returns, meaning he sold before subsequent gains. The fundamental profile shows strong annual revenue growth of +24.1% and a P/E of 14.00, suggesting the company operates at a reasonable valuation multiple, though this sale provides no signal about Lashley's internal conviction regarding near-term direction.

Director Barker buys 10,000 BANC shares at $13.16; prior 2 BANC buys both returned +6.3% and +21.4% at 90 days.

Director James Andrew Barker purchased 10,000 shares of BANC OF CALIFORNIA, INC. at $13.16 on 2025-04-29, expanding his holdings to 169,680 shares (+6.3% vs prior position). His cross-ticker track record shows 2 prior buys with an average 90d return of +13.9% and a 100.00% 90d win rate. At BANC specifically, his prior 2 buys (2024-02-14 and 2023-12-12) were well-timed at the 90-day mark, delivering +6.3% and +21.4% returns respectively. The current stock price of $13.54 reflects a -23.8% decline from the 52-week high of $17.77 and a -4.4% drop over 30 days. The company shows solid fundamentals with $431.4M in latest-quarter revenue, +24.1% annual revenue growth, and a P/E of 18.55, but the recent price weakness and extended pullback create a backdrop where this director's historical accumulation pattern at BANC warrants investor attention.